Sometimes the best thing to do is nothing. I don’t short stocks, and having been stopped out of my positions last week I sit in cash. I don’t believe cash is a position. Sure, if you are a investor, looking long term cash is fine. As a trader, cash means I have no idea what to do – I cannot find trades I want to take. And that’s fine.
The urge to trade out of boredom rarely leads to profits, generally it leads to sub par trading result. I am looking to see if the retest of the inverted H&S on the index charts holds, where I may try a few longs with tight stops, I suspect out of boredom.
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